Select a Terms of payment (link to the AP>Setup>Payment>Terms of payment screen)

Select the authority created in the preceding step.

Choose you period interval and the number of units: Months/1 for a monthly payment, Months/3 for a payment every quarter…

Create the first single period (select from date and to date) and click on “New period” button in the top of the screen to create the next periods.

Remark : add the last step in the task list of the end of year to create all the single periods of the new year.

5/ Step 4: Sales tax codes

Access: General Ledger > Setup > Sales tax > Sales tax codes

Click on New to create a new sales tax code

Enter the sales tax codes (choose a short one if you want to print it in the statement).

Enter the full name in the “Name” field.

Select the settlement period (created in step 3).

Select the ledger posting group for this code (created in step 1).

Select ohter option: currency, print code, calculations parameters, …

Click on “Values” to add a rate.

You don’t need to enter dates for the first rate (if there is only one rate).

You can enter a rate by amount range, and choose the option “interval” in the calculation method.

Remarks:

If the rate of a sales tax change, you don’t have to create a new code, but just add a new rate in the value screen with the start date, and add an end date to the old rate.

When you create a sales tax code, don’t put the rate in the name, because the rate can change.

6/ Step 5: Sales tax group

Access: General Ledger > Setup > Sales tax > Sales tax groups

To identify the number of group you need, look for the criteria of the application of the sales tax related to the customer or the vendor. Example: national or international customer, vendor with VAT on invoice or VAT on cash receipt, vendor of goods or fixed assets vendor, …

Click New to create a new sales tax group.

Enter the code of the sales tax group.

Enter a description.

In the tab “Setup” add all the sales tax codes than can be suitable for the sales tax group.

The sales tax group will be link to the vendor/customer by the vendor/customer group or directly on the vendor/customer screen.

7/ Step 6: Item sales tax group

Access: General Ledger > Setup > Sales tax > Item sales tax groups

To identify the number of group you need, look for the criteria of the application of the sales tax related to the items. Example: item with normal rate or with reduced rate, exempted item, …

Click New to create a new item sales tax group

Enter a code to the item sales tax group.

Enter a description.

In the tab “Setup” add all the sales tax codes than can be suitable for the item sales tax group.

The item sales tax group can be linked to the item or to a general account (if the account is setup at the company level).

8/ Example for customer invoices

The ABC company need 4 sales tax codes for the customer invoices:

Sales tax with normal rate for national customer (code STNN)

Sales tax with normal rate for international customer (code STIN)

Sales tax with reduced rate for national customer (code STNR)

Sales tax with reduced rate for international customer (code STIR)

We need to create 2 sales tax groups :

One group for the national customers (code CN): with the sales tax codes STNN & STNR

One group for the international customers (code CI): with the sales tax codes STIN & STIR

We need to create 2 item sales tax groups:

One for the normal rate (code IN): with the sales tax codes STNN $ STIN

One for the reduced rate (code IR): with the sales tax codes STNR & STIR